Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below shows the value of some accounting items of Lam Research (ticker: LRCX) for the accounting period ends in the past three years. Please use
Below shows the value of some accounting items of Lam Research (ticker: LRCX) for the accounting period ends in the past three years. Please use the information to calculate cash savings from changes in Days Inventory Turnover.
2017 | 2018 | 2019 | |
Revenue | 8,013,620 | 11,076,998 | 9,653,559 |
Cost of goods sold | 4,410,261 | 5,911,966 | 5,295,100 |
Net income | $1,697,763 | $2,380,681 | $2,191,430 |
Investments | 3,663,628 | 437,338 | 1,772,984 |
Accounts receivable | 1,673,398 | 2,176,936 | 1,455,522 |
Inventories | 1,232,916 | 1,876,162 | 1,540,140 |
Accounts payable | 464,643 | 510,983 | 376,561 |
Total assets | 12,122,765 | 12,479,478 | 12,001,333 |
Total liabilities | 5,135,453 | 5,899,435 | 7,278,029 |
Group of answer choices
138,453.7
2,255.11
6,858.4
315,815.6
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started